NEW YORK & WASHINGTON--(BUSINESS WIRE)--Union Healthcare Insight (“Union” or the “Company”), a healthcare research and insights platform, today announced a strategic investment from affiliates of New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with approximately $55 billion in assets under management. New Mountain, together with healthcare executive Robert Musslewhite, will support Union across the next phase of growth for the Company by providing investment that will significantly expand the scope of Union’s research and product capabilities.
Union Healthcare Insight is a leading independent healthcare research insights and information platform that leverages a cross-sector, client-centric approach along with best-in-class talent, information, and analysis to deliver objective, counterintuitive insights across the healthcare landscape. The Company supports healthcare executives and their teams by delivering essential, unbiased strategic insights about the healthcare industry, which then drive organizational momentum, effective leadership, and strategic decision-making.
Christopher Kerns, CEO and co-founder of Union, brings more than 25 years of experience leading and working with world-class healthcare research enterprises, having led flagship programs for health system CEOs, CFOs, and Chief Strategy Officers during his 17 years at Advisory Board (and later Optum).
“When my co-founders and I launched Union, it was on the firm conviction that healthcare leaders desperately need objective and independent insight, without fear or favor,” said Mr. Kerns. “We view our job as to not only present the truth of the healthcare landscape as it exists today, but also reveal what lies ahead, with all of the unexpected twists and turns our industry often takes. We are tremendously excited to join forces with New Mountain to accelerate our work across healthcare and build the leading source of strategic insight for leaders across the industry.”
New Mountain will support Union with a strategic growth investment that will enable the company to accelerate its growth and significantly expand its solution capabilities. In addition to increasing resources dedicated to growth and customer success, Union will further develop its research platform through increasingly sophisticated use of data and analytics, especially in important terrains such as technology and AI, payer-provider financial relationships, and clinical innovation.
Robert Musslewhite, the former Chairman and CEO of The Advisory Board Company and former CEO of OptumInsight, has more than 25 years of experience in healthcare technology. He brings a wealth of healthcare industry expertise and a successful track record of leading healthcare, software, and information companies and driving value for customers across the healthcare landscape. Musslewhite will directly partner with Union’s leadership team to help guide the company’s growth and innovation.
“Given all the forces at work in healthcare today, it has never been more important to have a trusted and independent source of ‘True North’ to guide the strategy and decisions of institutional leaders in all corners of the industry. I’m thrilled to have the opportunity to work more closely with Christopher and the team at Union to continue expanding their world-class healthcare research to many more clients and into many more key domains,” said Mr. Musslewhite. “I’m also very excited about the partnership with New Mountain Capital to support Union’s growth. New Mountain has demonstrated its excellence in supporting the construction of valuable healthcare platforms through investing in expansion, fostering M&A, and bringing top talent and relationships to bear, and I look forward to the same support at Union.”
“We are excited to partner with Christopher Kerns, Robert Musslewhite, and the entire Union team to build a leading healthcare focused insights and data platform. We are impressed by the business and membership that Union has already built, and we are excited to support the team in this next stage of growth,” said Matt Holt, Managing Director and President, Private Equity at New Mountain. “New Mountain’s deep experience in healthcare technology, as well as its philosophy of building great businesses, will support Union as the company accelerates its strategic vision of delivering world-class independent and objective insights and data. Robert, Christopher, and the Union team have developed a compelling strategy with substantial growth opportunities. We look forward to helping the team accelerate growth while preserving the culture and entrepreneurial spirit that are keys to the company’s success.”
About Union
Union Healthcare Insight, based in Washington, D.C., is a leading researcher-founded and researcher-led insights and information platform that leverages a client centric approach along with best-in-class talent, data, and analytics to deliver holistic insights across the healthcare landscape. The company is dedicated to supporting its clients with independent, curated, holistic, and objective information about healthcare strategy and policy across all major sectors. For more information on Union, please visit: www.unionhealthcareinsight.com.
About New Mountain Capital
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than excessive risk, as it pursues long-term capital appreciation. The firm currently manages private equity, strategic equity, credit, and net lease real estate funds with nearly $55 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information, visit: www.newmountaincapital.com.
